Next Generation Data
Business profile
Location: Newport
Sector: Software / IT
Web site: www.nextgenerationdata.co.uk
Investment
First round: £5 million co-investment with Lombard
Type: Debt and mezzanine investment
Purpose: Development
capital
Executives: Rhian
Elston
Why we invested
Next Generation Data is a data specialist offering flexible,
cost effective and highly secure hosting services. The company
provides hundreds of computer servers at its Tier 3 facility which
is the largest in Europe, on the scale of Heathrow's Terminal
5.
Next Generation Data's strong management
team had a credible growth plan to become an
industry leader. The company planned to
expand its customer base which already
included major companies like BT, IT service providers and
public sector bodies.
Outcome
Finance Wales structured a debt and mezzanine funding package
with co-investors, Lombard. The investment will help Next
Generation Data expand its facilities by
developing another four data halls at its
Newport facility. The additional capacity will ensure
the company can accommodate growing customer demand.
Testimonials
“We’re pleased to be investing in the company's latest expansion
as it will ensure it’s well-placed to capitalise on expected market
growth.” Rhian Elston, Deputy Fund Manager, Finance Wales.
“Our Newport facility is a world-class, modern data centre and
we’re excited about our future plans. We’re using this latest
investment together with our own capital to build new capacity.”
Nick Razey, Managing Director, Next Generation Data.
Advisers
Legal: Clyde& Co LLP (Next Generation
Data), Geldards (Finance Wales) Addleshaw Goddard
(Lombard)
Financial: PWC (Next Generation Data)